South Korea's finance chief is urging Samsung to do more to create jobs and spearhead innovative growth.<br />His trip to one of Samsung's biggest domestic plants on Monday was just the latest appeal to the local business community to join the Moon administration's job-first policy.<br />Kim Hyesung reports.<br /> <br /> Finance Minister Kim Dong-yeon met with Samsung Group Vice Chairman Lee Jae-yong Monday at the conglomerate's semiconductor plant in Pyeongtaek, south of Seoul.<br />Minister Kim emphasized the role of Samsung in helping create a new growth engine for the Korean economy and in stemming unfair business practices. <br /> He said the government will help create an innovative economic platform through investment in areas like AI, big data, and shared economy. <br />At the same time, he said improving the corporate governance structure is critical for a leading company like Samsung Group to regain public support and investors' trust.<br />After a tour of the semiconductor production line, Minister Kim and Lee held a closed-door meeting along with various government officials including the vice minister of the science ministry and heads of several Samsung divisions.<br /> The finance ministry said the two sides discussed job creation, private-public sector cooperation and deregulation.<br />In particular, Samsung is known to have requested for deregulation in biotech, 5G and foreign investment....and said the company will invest in smart factories and cooperate with subcontractors. <br />Minister Kim said at a press briefing following the meeting that the government will review those areas of regulations. <br />It's the fifth time that the finance minister visits a Korean company to meet with its top management,.... after previously visiting LG Group, Hyundai Motor, SK Group and Shinsegae.<br /> Details of Samsung Group's investment plans are expected to be announced in the near future.<br />Kim Hyesung, Arirang News. <br />
